Royal Bank of Canada Has $80.63 Million Stock Position in VanEck Morningstar Wide Moat ETF $MOAT

Royal Bank of Canada grew its stake in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 10.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 833,825 shares of the company’s stock after buying an additional 81,552 shares during the quarter. Royal Bank of Canada owned approximately 0.62% of VanEck Morningstar Wide Moat ETF worth $80,630,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Balance Wealth LLC raised its position in VanEck Morningstar Wide Moat ETF by 102.7% in the fourth quarter. Balance Wealth LLC now owns 11,830 shares of the company’s stock valued at $1,225,000 after purchasing an additional 5,995 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF during the fourth quarter valued at about $2,195,000. Boston Family Office LLC grew its holdings in shares of VanEck Morningstar Wide Moat ETF by 14.2% during the fourth quarter. Boston Family Office LLC now owns 66,197 shares of the company’s stock worth $6,855,000 after purchasing an additional 8,218 shares during the last quarter. BCS Wealth Management grew its holdings in shares of VanEck Morningstar Wide Moat ETF by 71.5% during the fourth quarter. BCS Wealth Management now owns 26,537 shares of the company’s stock worth $2,748,000 after purchasing an additional 11,060 shares during the last quarter. Finally, Activest Wealth Management grew its holdings in shares of VanEck Morningstar Wide Moat ETF by 2.7% during the fourth quarter. Activest Wealth Management now owns 235,643 shares of the company’s stock worth $24,403,000 after purchasing an additional 6,184 shares during the last quarter.

VanEck Morningstar Wide Moat ETF Price Performance

VanEck Morningstar Wide Moat ETF stock opened at $108.08 on Friday. The business has a 50 day moving average of $104.24 and a 200-day moving average of $102.89. The company has a market capitalization of $14.59 billion, a P/E ratio of 22.53 and a beta of 1.02. VanEck Morningstar Wide Moat ETF has a 1 year low of $94.07 and a 1 year high of $109.24.

VanEck Morningstar Wide Moat ETF Profile

The VanEck Morningstar Wide Moat ETF (MOAT) is an exchange-traded fund that is based on the Morningstar Wide Moat Focus 20 index. The fund tracks a staggered, equal-weighted index of 40 US companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage. MOAT was launched on Apr 25, 2012 and is managed by VanEck.